Wednesday, April 16, 2008

Will slowdown affect funding in India

Source: http://www.business-standard.com/common/news_article.php?leftnm=0&subLeft=1&chklogin=N&autono=320196&tab=r

If you are an entrepreneur and apprehensive that the global market meltdown will strain your fund-raising plans, fear not. India-focused private equity and venture capital funds raised $7 billion (Rs 27,958 crore) in 2007, excluding real estate, last year.

Some noted VCs raised funds last year. Sequoia Capital notched up $300 million, Sandalwood Capital ($350 million), Matrix India Partners ($300 million), Helion Ventures ($210 million), VenturEast ($150 million) and Nexus India Capital ($100 million).

A partner at a VC company, said, “Wish there was a slowdown! We are screening so many proposals every day. The industry is rocking. Entrepreneurs with sound business plans will not have any problems in raising funds, even in these dull market conditions.”

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